FINANCIAL MARKETS AROUND THE WORLD STABILIZE AFTER RECENT ROUT. HERE'S WHAT TO KNOW
Techlife News|August 10, 2024
Markets on Wall Street and in Asia are stabilizing Tuesday following a mini-panic caused by an assortment of factors that stretched from late last week through Monday.
FINANCIAL MARKETS AROUND THE WORLD STABILIZE AFTER RECENT ROUT. HERE'S WHAT TO KNOW

The S&P 500 and Nasdaq each rose 1.3% in morning trading and were on track to break a brutal three-day losing streak. The S&P 500 had tumbled more than 6% after several weaker-than-expected reports raised concerns that the Federal Reserve had pumped the brakes too much on the U.S. economy through high interest rates.

The Dow Jones Industrial Average was up 0.7%.

Elsewhere, Japan’s Nikkei 225 jumped 10.2% Tuesday, following its 12.4% sell-off the day before, which was its worst since 1987. Stocks in Tokyo rebounded as the value of the Japanese yen stabilized a bit against the U.S. dollar following several days of sharp gains.

A rate hike last week by the Bank of Japan contributed to the turmoil by upending trades where investors had borrowed Japanese yen at low cost and invested it elsewhere around the world. The resulting exits from those investments may have helped accelerate the declines in global markets.

Investors grew worried about a slowing U.S. economy. They pointed fingers at the Fed for waiting too long to cut rates and sold shares of technology companies that had ridden a frenzy around artificial intelligence to lofty stock market valuations.

Calmer voices that claimed the sell-off was a good thing because stock prices had risen too high seemed to prevail Tuesday. Some of Tuesday’s gainers were those same technology companies investors had fled from. Chipmaker Nvidia was up 3.8% Tuesday morning, following a drop of 6.4% on Monday.

For individual investors, experts say it’s not time for rash decisions, but a moment to make sure their investments are properly diversified.

Here’s a look at the reasons for the turbulence in markets:

INFLATION AND CENTRAL BANKS

هذه القصة مأخوذة من طبعة August 10, 2024 من Techlife News.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة August 10, 2024 من Techlife News.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

المزيد من القصص من TECHLIFE NEWS مشاهدة الكل
AUSTRALIA PLANS TO TAX DIGITAL PLATFORMS THAT DON'T PAY FOR NEWS
Techlife News

AUSTRALIA PLANS TO TAX DIGITAL PLATFORMS THAT DON'T PAY FOR NEWS

The Australian government said it will tax large digital platforms and search engines unless they agree to share revenue with Australian news media organizations.

time-read
2 mins  |
December 21, 2024
JAPAN'S NISSAN RESHUFFLES MANAGEMENT TO FIX ITS MONEY-LOSING BUSINESS
Techlife News

JAPAN'S NISSAN RESHUFFLES MANAGEMENT TO FIX ITS MONEY-LOSING BUSINESS

Embattled Japanese automaker Nissan has tapped Jeremie Papin, who was overseeing its U.S. operations, as its chief financial officer in a major management reshuffle billed as key to a turnaround.

time-read
2 mins  |
December 21, 2024
EPA AWARDS $135 MILLION TO CALIFORNIA TO PHASE OUT BIG DIESEL TRUCKS
Techlife News

EPA AWARDS $135 MILLION TO CALIFORNIA TO PHASE OUT BIG DIESEL TRUCKS

The Environmental Protection Agency is awarding $135 million in grants to fund 13 projects in California to help the state wean off fossil fuels and phase out big rigs that run on diesel.

time-read
1 min  |
December 21, 2024
NEARLY HALF OF US TEENS ARE ONLINE 'CONSTANTLY,' PEW REPORT FINDS
Techlife News

NEARLY HALF OF US TEENS ARE ONLINE 'CONSTANTLY,' PEW REPORT FINDS

Nearly half of American teenagers say they are online “constantly” despite concerns about the effects of social media and smartphones on their mental health, according to a new report published by the Pew Research Center.

time-read
1 min  |
December 21, 2024
OPENAI'S LEGAL BATTLE WITH ELON MUSK REVEALS INTERNAL TURMOIL OVER AVOIDING AI 'DICTATORSHIP'
Techlife News

OPENAI'S LEGAL BATTLE WITH ELON MUSK REVEALS INTERNAL TURMOIL OVER AVOIDING AI 'DICTATORSHIP'

A 7-year-old rivalry between tech leaders Elon Musk and Sam Altman over who should run OpenAI and prevent an artificial intelligence “dictatorship” is now heading to a federal judge as Musk seeks to halt the ChatGPT maker’s ongoing shift into a for-profit company.

time-read
3 mins  |
December 21, 2024
TECH TIP: HOW TO PROTECT YOUR COMMUNICATIONS THROUGH ENCRYPTION
Techlife News

TECH TIP: HOW TO PROTECT YOUR COMMUNICATIONS THROUGH ENCRYPTION

After a sprawling hacking campaign exposed the communications of an unknown number of Americans, U.S. cybersecurity officials are advising people to use encryption in their communications.

time-read
3 mins  |
December 21, 2024
TRUMP HOSTS APPLE CEO AT MAR-A-LAGO AS BIG TECH LEADERS CONTINUE OUTREACH TO PRESIDENT-ELECT
Techlife News

TRUMP HOSTS APPLE CEO AT MAR-A-LAGO AS BIG TECH LEADERS CONTINUE OUTREACH TO PRESIDENT-ELECT

Donald Trump hosted Apple CEO Tim Cook for a Friday evening dinner at the president-elect's Mar-a-Lago resort, according to a person familiar with the matter who was not authorized to comment publicly.

time-read
2 mins  |
December 21, 2024
MUSK SAYS US IS DEMANDING HE PAY PENALTY OVER DISCLOSURES OF HIS TWITTER STOCK PURCHASES
Techlife News

MUSK SAYS US IS DEMANDING HE PAY PENALTY OVER DISCLOSURES OF HIS TWITTER STOCK PURCHASES

Elon Musk says the Securities and Exchange Commission wants him to pay a penalty or face charges involving what he disclosed or failed to disclose - about his purchases of Twitter stock before he bought the social media platform in 2022.

time-read
2 mins  |
December 21, 2024
ELON MUSK WANTS TO TURN SPACEX'S STARBASE SITE INTO A TEXAS CITY
Techlife News

ELON MUSK WANTS TO TURN SPACEX'S STARBASE SITE INTO A TEXAS CITY

SpaceX is launching a new mission: making its Starbase site a new Texas city.

time-read
1 min  |
December 21, 2024
OPENAI RELEASES AI VIDEO GENERATOR SORA BUT LIMITS HOW IT DEPICTS PEOPLE
Techlife News

OPENAI RELEASES AI VIDEO GENERATOR SORA BUT LIMITS HOW IT DEPICTS PEOPLE

OpenAl has publicly released its new artificial intelligence video generator Sora but the company won't let most users depict people as it monitors for patterns of misuse.

time-read
1 min  |
December 21, 2024